CalPERS Allowed To Appeal San Bernardino's Ch. 9 Case
By Daniel Wilson
Law360, Washington (December 16, 2013, 5:01 PM ET) -- A California federal judge on Friday let the state’s pension system appeal directly to the Ninth Circuit over the city of San Bernardino's being allowed to move forward with its bankruptcy case, ruling the appeals court could help settle questions of law related to the case.
There is no binding precedent on certain questions raised by the California Public Employees’ Retirement System, or CalPERS, related to whether San Bernardino’s Chapter 9 filing was made in accordance with bankruptcy law, making it appropriate for the circuit court...